First goal achieved: Now earning $100 HBD per month on interest

ecoinstant (76)in LeoFinance • 3 years ago

I have been putting together a game plan, a game plan of goals.

Here is my first goal achieved: $10,000+ HBD locked away in savings:

At 12% apr that is 1200 HBD per year or 100 HBD per month. It's not quite enough to live on but hey, its a good start. When I got started here in Colombia we were living on less sometimes.

One of the most important things is to make a plan so that never happens again.

One of the strategies that I have been thinking a lot about lately is the relationship between HIVE and HBD. As our beloved HBD continues to mature, it is up to us HIVE users to actually use it to our advantage. The more people use it, the more useful it becomes at its task, which is to suck value into the ecosystem.

Of course, we need an AMM internal market like @edicted says.... but I will keep poking until it happens, even if I am just poking @edicted.

I also store some HBD in the BUSD:HBD pool - this pool is a very important one for stabilizing the HBD, in my opinion. I have written a proposal to help fund this mechanism, I am preparing to post it in the near future.

I have just over 4500 stable dollars in this pool, but this one is paying 19.7% apr. Quite a savings account rate if you ask me! Although this one does not pay in dollars, but in BXT token, which depends on BXT price which depends on the BeeSwap fees that are being collected from the convert function

Now I actually think stable coins are going to be a big part of the future of finance. Far from being the death of the US dollar, I think crypto is what is going to save the US dollar.

Its not that I like the US dollar, it is what it is, a late stage empire fiat program - but its deeply engrained in the world system and I don't think that's going to stop, at least not as fast as some people would speculate.

For that reason I would like to continue my stable accumulation goals.

Token Goal 1 for 2022: Amass 100,000 stable tokens.

At 12% now we are talking about $1000 per month and this is something that could be a pension for a long long time! And it still gives me the freedom to move it into something different at such a time when the USD dollar is less relevant to my life.

The other things that is relevant to my life and my projects is HIVE.

I have just over 50,000 hive power right now, and I would like to increase that as well to 100,000. One day maybe I will even be a whale, but for now, step wise is the way to go.

Token Goal 2 for 2022: Amass 100,000 Hive Power

I think both of these goals are achievable this year, on a personal level.

I am also managing the @ecobanker account, which is part of the ECOBANK project. I have committed 45% of my author payouts on all my posts as a form of beneficiary, and I am happy to see that it continues to grow.

For it I am both saving the HBD stables as well as working to power up more HP, as well as LEO and ARCHON tokens.

With 770 HP and 180 LEO, I can set some goals to reach 2000 HP and 1000 LEO power this year. I also want to reach 500 staked ARCHON tokens on the account, because I have an idea that I might want to petition for, but I could always buy some because they are pretty cheap right now.

Speaking of cheap, I just bought enough LEO to have 5000 Leo Power!

I pulled the trigger on just over 4000 LEO while writing this post. Good luck everybody on your New Year's Financial and Token Goals.

Did you make a post about your goals? Link me in your comment :)

Freedom and Friendship

#leofinance #hive-engine #ctp #archon #neoxian #crypto #defifarming #proofofbrain #vyb #hbd

3 years ago in LeoFinance by ecoinstant (76)

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ctrpch (68) 3 years ago

Agree that 100k on both hive and HBD is a worth while goal for 2022. Don’t forget the security of locking the funds behind power down time locks, this alone will put off most hackers.

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taskmaster4450le (80) 3 years ago

I agree with you. For me, I am trying to get to the 100 HBD per month level. Hopefully I can make it in the next month or two.

You are right, it isnt anything that most can live on but it does help a great deal. This also helps the platform to grow the HBD.

Glad you are giving it some more focus. We need more articles like this.

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chel-koby (64) 3 years ago

Wow, such an inspiring post. I really loved reading ur goals and I can feel the motivation behind them 😻. I think I might start writing more of these in the nearest future (at least when I develop a less fickle-minded approach towards goals xD), but I'm learning a great deal from you.